The author of this article reported on the Xiong'an report group from the Shanghai Securities News

On April 1, a heavy news release from the Xinhua News Agency broke the tranquility of the Qingming Holidays: The CPC Central Committee and the State Council issued a notice and decided to establish the Xiong'an New District in Hebei. Xiong'an New District is another nationally significant new district following the Shenzhen Special Economic Zone and Shanghai Pudong New Area. It is a major task for the millennium and a national event.

"The millennium plan, the national event", behind the eight words, shows the significance of the establishment of Xiong'an New District. The establishment of Xiong'an New District can not only ease the non-capital function of Beijing, enhance the development level of Hebei's economy, but more importantly it will change the economic development map of China's regional economy.

Three layers of deep meaning for building Xiong'an New District

The planning and construction of Xiong'an New District is of great practical significance and profound historical significance. After the announcement of the establishment of the Xiong'an New District, the authority of any of the leaders of the National Development and Reform Commission, the leader of the Beijing-Tianjin-Hebei Coordinated Development Expert Consultation Committee, and the honorary chairman of the Chinese Academy of Engineering Xu Kuangdi, made an in-depth explanation.

From the interpretation of information, the construction of the Xiong'an New District conveys three layers of deep meaning.

For Beijing, the Xiong'an New District will focus on creating a centralized, non-capital-capitalized carrying area for Beijing, which can effectively alleviate major urban diseases in Beijing and form new Beijing wings with the Beijing sub-center.

For Hebei, it will help speed up the development of the regional shortcomings, improve the quality and level of Hebei's economic and social development, and foster the formation of new regional growth poles. It is also possible to use the Beijing Olympic Winter Games in 2022 as an opportunity to promote the construction of the Zhangbei region. Forms two new wings in Hebei.

For the Beijing-Tianjin-Hebei and the whole country, it will help adjust and optimize the Beijing-Tianjin-Hebei city layout and spatial structure, expand new areas for regional development, explore new models for optimizing the development of population-intensive economic regions, create a national innovation-driven new engine for development, and speed up the construction of Beijing-Tianjin冀 World-class cities.

The planning scope of Xiong'an New District involves Xiong County, Rongcheng County, Anxin County, and some surrounding areas in Hebei Province, and is located in the hinterland of Beijing, Tianjin and Baoding. Xiong'an New District is planned to be developed with a specific area as the starting area. The starting area is about 100 square kilometers, the medium-term development area is about 200 square kilometers, and the long-term control area is about 2000 square kilometers.

Explaining why this area was chosen, Xu Kuangdi said that the local population has a low population density, a low level of development, and ample room for development. It is like a blank sheet and has the basic conditions of high starting point and high standard of development.

A set of data can show that: in 2016, Xiong County's GDP reached 101.14 billion yuan, with a total population of approximately 380,000; Anxin County's GDP reached 4.01 billion yuan, with a total population of 393,000; Rongcheng County's GDP reached 5.94 billion yuan Yuan, with a total population of 270,000.

Regional Economic Development Strategy Takes Step 3

The mention of Xiong'an New District is always associated with two reference objects: Shenzhen Special Economic Zone and Shanghai Pudong New Area. Behind the construction of Shenzhen Special Economic Zone and Shanghai Pudong New Area is the rapid economic development of the Pearl River Delta and Yangtze River Delta.

From the perspective of China’s regional economic development, the development situation in the Beijing-Tianjin-Hebei region has clearly fallen behind the Yangtze River Delta and Pearl River Delta regions. Zhang Yansheng, chief researcher of the China International Economic Exchange Center, said: "In the future, China's economic development has entered a new normal, and we should consider what kind of role the Beijing-Tianjin-Hebei region has to play."

In an interview with the Shanghai Daily, Zhang Yansheng said that compared with the previous two special zones, the biggest difference faced by the development of the Xiong'an New Area is that China’s role in global development has changed and China needs to become a responsible big country. Innovative countries should provide Chinese programs for the world economy and global governance.

“Standing from such a starting point, the development of Xiong'an New District is related to the development of China's economy in the next 30 years. It will be a new model for China’s economic development in the next 30 years,” said Zhang Yansheng.

According to Zhang Yansheng, China’s economic development has experienced three important points: The first step was the establishment of the Shenzhen Special Economic Zone in 1980, its mission was to integrate China into the world’s windows and bridges, and the second step was the establishment of the Pudong New Area in 1992. Pudong New Area is a comprehensive reform pilot. Its most important role is financial development and internationalization. The establishment of Xiong'an New District in 2017 is the third step.

He believes that Xiong'an New District is at the core of the Beijing-Tianjin-Hebei region, and its mission is to innovate. It should be China's future as a heartland for innovative modern countries and China's "Silicon Valley."

In fact, for the development of Xiong'an New District, the country has a clear positioning: to build a green ecological livable new city, innovation-driven development lead area, coordinated development demonstration area, open and development pioneer area, and strive to create innovative development demonstration areas to implement the new development concept.

"Innovation" is the key word for the development of Xiong'an New District. When talking about the next task of the Xiong'an New District, He Lifeng emphasized that it is necessary to drive innovation as the fundamental driving force for the development of the new district and to guide the innovation elements to gather in the new district. Support the New District to create a good atmosphere of innovation from innovative carriers, operational mechanisms, and development environment, attract high-end innovative talents and teams, and strive to create innovative highlands and new technology cities.

The Shanghai Daily reporter learned from the interview that at present, the three counties involved in the New District are mainly based on light industry. For example, the pillar industry in Rongcheng County is the clothing industry, and the advantageous industry in Xiong County is the plastic packaging industry.

Xu Kuangdi emphasized that the new district must cultivate and develop scientific and technological innovation enterprises in a targeted manner and develop high-end high-tech industries.

“Beijing has the best universities, research institutes, and corporate innovation platforms in the country, and Beijing’s innovation intensity and research investment account for the highest percentage of GDP in the country. The key to the development of Beijing-Tianjin-Hebei is how to turn these into productivity.” Zhang Yansheng stated that Xiong'an New District plays a role in the heart of China's economic transformation. This role plays well and its economic benefits will be even greater than Shenzhen and Pudong.

Avoid relying on the development model of real estate

When the news of the establishment of the Xiong'an New District was announced, the first disturbance was the property investor. Many people sighed in the circle of friends: In 1979, Shenzhen Special Economic Zone was established. Countless people lost their sleep and thought about how to do a great job. In 2017, Xiong'an New District was established. Countless people lost their sleep and thought about how to go to real estate.

Zhang Yansheng said that the prosperity of investment speculation and the prosperity of real estate are all overdrawn. The future economic development cannot be achieved by industries such as finance and real estate. "This is a road to death. It is no return."

In fact, in the face of the wealth effect brought about by the rapid increase in housing prices, residents of Xiong'an New District have mixed concerns. An on-duty police officer in front of the Anxin County government told the Shanghai Daily that he did not want housing prices to rise. He said that he is from rural areas and has no real estate in the county, and his monthly salary is less than two thousand yuan.

A staff member of the Rongcheng County government also told the Shanghai Daily News reporter: "Of course, I don't want house prices to rise." The source said that the monthly income of local government employees is generally only 2000-3000 yuan, and monthly income of 4,000 yuan is relatively high income.

Before this round of housing prices rose and the planning of Xiong'an New District was announced, some housing prices in the three counties were as low as RMB 2,000 to RMB 3 per square meter. Therefore, there was not much pressure to buy homes at the above-mentioned income levels. However, if housing prices rise rapidly, The pressure suddenly rose.

“If a large number of investors are flooding into speculative real estate and land in the Xiong'an New District, it is overdrawing the future of Xiong'an. This is very dangerous for the development of the Xiong'an New District.” Zhang Yansheng said.

Therefore, preventing real estate speculation has become a major focus of the current Xiong'an New District. On April 3rd, the preparation group of Xiong'an New District convened the relevant personnel from Jixiong County, Anxin, Rongcheng County and other places in Rongcheng County to hold the Xiong'an New District Resident Work Learning Training Conference. One participant disclosed to the Shanghai Daily: "The main content of this meeting is to prevent real estate speculation, so as not to affect investment. One of the important tasks is to address the illegal land occupation and illegal construction in urban and rural areas."

According to participants, in the future, we must vigorously implement illegal requisitions, illegal construction, planting and planting, private construction and other special rectification, stop all real estate illegal transactions, and severely crack down on all kinds of real estate speculation. The information that the Shanghai Daily reporter had recently learned from the multiple interviews in the Xiong'an New District was that the three counties in Xiong'an New District have suspended property transactions.

Chen Hao, director and chief expert of the Beijing-Tianjin-Hebei Coordinated Development Research Center of the Hebei Academy of Social Sciences, believes that Xiong'an New District construction will embark on a new path. “The country proposes to build a green, smart new city and build a world-class, green, modern, and smart city. From this it can be seen that the future development path of Xiong'an New District will certainly be different from the traditional development model, whether it is the planning concept or the fund raising method. Differently, the new district will be unified and will not allow a large number of developers to come in."

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